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Old 12-01-2011
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Si Coe Si Coe is offline
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Join Date: Apr 2009
Location: Wigan - World of Pies!
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One of things people don't get about Ebay is that there aren't really many bargains, unless you are the only bidder and the dealer forgot to set a reserve.
If the listing is good, the item not incredibly specialist, and the auction runs for a decent amount of time, the final price is normally pretty much the true market value of the item.
In the case of the caravan, you paid £4500 because your bid was higher than the second place bidder, who I guess thought it was worth £4490!
So the caravan isn't worth £5000 or £6000. Its worth £4500 because thats the highest figure anyone was willing to pay for it. Thats how auctions work.
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